PowerCorp, Bird Construction & Disney: What Their Earnings REALLY Mean for Investors

In this market update, Portfolio Manager Grant White provides a deep dive into the latest earnings and strategic outlooks for Power Corp, Bird Construction, and Disney. Grant breaks down why Power Corp remains a steadfast core holding—highlighting its attractive dividend yield and current discount to Net Asset Value and offers a nuanced perspective on Bird Construction, weighing their massive project backlog against recent margin compression. Finally, he discusses the evolving media landscape, explaining his cautious "Hold" rating on Disney as the company navigates valuation concerns and critical distribution negotiations with YouTube.

Key Takeaways

• PowerCorp’s management continues to show strong long-term execution
• Backlog ≠ profit: Bird Construction’s margins will determine everything
• Disney must manage costs AND negotiate major distribution deals to stay competitive
• YouTube remains the largest streaming platform—partnerships matter
• Opportunities exist for investors who understand where each company is heading

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